EverQuote, Inc. (NASDAQ:EVER) Receives $31.67 Consensus Target Price from Analysts

EverQuote, Inc. (NASDAQ:EVER) has received an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $31.67.

EVER has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Finally, B. Riley lowered their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Insiders Place Their Bets

In other news, CTO David Brainard sold 3,675 shares of EverQuote stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the sale, the chief technology officer now directly owns 108,244 shares in the company, valued at $2,112,922.88. This trade represents a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,695 shares of company stock worth $1,012,154. Corporate insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new position in shares of EverQuote during the 3rd quarter worth about $26,000. R Squared Ltd bought a new stake in EverQuote during the fourth quarter worth about $34,000. nVerses Capital LLC boosted its position in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares during the last quarter. Quarry LP grew its stake in EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $21.66 on Friday. The company has a market capitalization of $765.68 million, a price-to-earnings ratio of 63.71 and a beta of 0.96. The firm’s 50 day simple moving average is $19.63 and its 200 day simple moving average is $20.18. EverQuote has a fifty-two week low of $14.28 and a fifty-two week high of $28.09.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.